Government-funded UK law tech firm will be wound up

Tuesday, 3 December 2024 12:23

A UK company part-funded by the Department for Enterprise has gone into administration owing around £6 million.

Lawbit was founded by husband and wife team Clive and Joanna Rich and hoped its online Lawbite law platform would help small businesses with legal advice.

It was given money by the department in 2018, but has now collapsed - it laid all its staff off in May.

Now, in a filing to the UK's Companies House, administrators say they can't sell the London-based business as a going concern and will wind it up.

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